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20121208
20121208
Search Results 0 to 3 of about 4 (some duplicates have been removed)
, the bookstore, go out of business. largely because of competition with amazon. >> reporter: based in seattle, amazon was started in the mid-'90s to sell books online. and for years made no profit. but it soon became clear that founder jeff bezos and his notoriously secretive company had bigger plans. they started expanding in the late 1990s into videos, music, games, electronics, kitchenware, clothing, shoes, jewelry, business services, information storage. amazon turned the corner to profitability in 2002, and today, amazon is a $100 billion global company. and though bezos declined our request for an interview, he recently told "fortune" magazine's andy serwer -- >> our goal is to be the most customer obsessed company. is there someone doing some element better than we? if so, how do we improve? >> online shopping is still only 10% of total retail. >> reporter: meaning amazon in all likelihood is just getting started. ben stein told me recently he has never seen a company dominate a market quite the way amazon is right now. this is a huge, huge story this holiday season. the big question,
retailers that have closed down. >> based in seattle, amazon was started in the mid-90s to sell books online and forears made no profit, but it soon became clear that the founder and his notoriously secretive company had bigger plans. they started expanding in the late 1990s into videos, music, games, electronics, kitchenware, clothing, shoes, business services, information storage. amazon turned the corner to profitability in 2002, and today, amazon is a $100 billion global company. and though he declined our request for an interview, he recently told fortune magazine -- >> our goal is to be the most customer obsessed company. we like tofia find, is there someone out there doing some element better than we, and if so, how do we improve? >> while that may be good news for millions of consumers who enjoy amazon's low prices, it is daunting for many businesses. even those that call amazon a partner. >> it's a wolf in sheep's clothing, is probably a better way to describe it. >> this woman is a retail analyst at forests research, and she said amazon has a pattern. find a company with a good pro
Search Results 0 to 3 of about 4 (some duplicates have been removed)